Quilt

Quilt

Quilt is a technology company focused on making the insurance-buying process simple, digital, and user friendly for what it describes as the digital generation. The Boston-based company was acquired in August 2018 by Haven, a Mass Mutual company. Post-acquisition and as part of Haven Life, Quilt's aim is to help the average American prepare financially for retirement, with a focus on how annuities can help solve the longevity crisis.Quilt began in 2015 by offering renters and term life insurance policies digitally, without the need for an agent. Quilt's focus is on simplifying and streamlining complex financial products. Per Haven Life, Quilt represented an opportunity to address another financial problem facing millions of Americans: retirement. Post-acquisition, Quilt's focus will be on rethinking the buying experience for longevity products, with a specific concentration on how wealth annuitization can help address the financial concerns of future retirees. After the closing of the deal, Quilt stopped selling or managing renters or term life insurance. Terms of the deal, the first for Haven Life, weren't disclosed.

Total funding
~$3M
HQ 🇺🇸
Boston, United States
Year founded
2015
Status
Acquired
People
Austin Cooley
Founder, Chief Executive Officer
Lee Hower
Founder
Investors
Haven Life
NextView Ventures
Plug and Play Ventures
Undisclosed Angel Investors
Founder Collective
Eniac Ventures
Basset Investment Group
Titan Partners
Categories
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